Report comment

I accept there are good freeholders out there, leasehold has been polluted by a few. When I was at the Select Committee meeting on Monday, there was a cry of anguish from all 50 leaseholders present to get rid of leasehold as it is and start again. The problems in our block are mild, some people at the meeting had lost life changing sums of money, or were trapped in their homes because they could not extend a lease or sell their home. Dry, legal arguments do nothing for these people, they need meaningful, quick reform to help them. Even if the law was perfect from tomorrow, it will take years for many people to feel confident about buying a leasehold property. The banks destroyed trust in themselves 10 years ago, leasehold is in the same situation now, there is a big repair job to do which will take a while.